Umbrella

Umbrella insurance

Million-dollar verdicts are no longer a rare occurrence. But Grinnell Mutual offers a low-cost way to protect yourself — a personal umbrella policy.

Anyone can file a lawsuit. So, when accidents happen, you could end up defending yourself in court. If you lose, it could get very expensive. And even if you win, the cost of an attorney adds up quickly.

An Umbrella policy builds on protection you already have, giving you an extra limit over and above other policies and offering better protection for your assets. You can add extra liability protection of $1 million or more (limits up to $10 million are available). 

Personal

Situations to consider purchasing a personal umbrella insurance policy

  • You have teenage drivers or travel extensively.
  • You like to entertain in your home.
  • You have a dog. 
  • You have a swimming pool.
  • You own watercraft (i.e., a boat)
  • You own an off-road vehicle.
  • You own a rental or vacation property.
  • You participate in volunteer activities.

Example of an personal umbrella insurance policy

If you have $300,000 of liability coverage provided by your Home-Guard® policy and you purchase a Personal Umbrella policy with a $1 million limit, you could have up to $1.3 million in potential coverage from a covered cause of loss.

Plus, we offer other products for even more protection.

Optional Coverages

  • Uninsured motorists*
  • Underinsured motorists*
  • Uninsured watercraft*
  • Underinsured watercraft*
  • Additional insured
  • Business activities coverage

*not available in Missouri, Pennsylvania, or Oklahoma

Auto coverages Recreational vehicle coverages Farm-Mate® insurance policy Farm-Guard® liability coverage Home-Guard® insurance policy Renter's insurance policy Small business insurance coverages Find an agent

Farm**

Situations to consider purchasing a farm umbrella insurance policy

  • You have assets you need to protect
  • You operate farm machinery on public roads
  • You own livestock
  • You have a dog
  • You have a swimming pool
  • You own watercraft (i.e., a boat)
  • You own an off-road vehicle
  • You own a rental or vacation property
  • You participate in volunteer activities

Example of an personal umbrella insurance policy

If you have $300,000 of liability coverage provided by your Farm-Guard® policy and you purchase a Farm Umbrella policy with a $1 million limit, you could have up to $1.3 million in potential coverage from a covered cause of loss.

Optional Coverages

  • Uninsured motorists*
  • Underinsured motorists*
  • Uninsured watercraft*
  • Underinsured watercraft*
  • Additional insured
  • Business activities coverage

*not available in Missouri, Pennsylvania, or Oklahoma

** Farm Umbrella is not available in Pennsylvania

Auto coverages Recreational vehicle coverages Farm-Mate® insurance policy Farm-Guard® liability coverage Home-Guard® insurance policy Renter's insurance policy Small business insurance coverages Find an agent

Business

Your current commercial liability policy will protect you up to the limits specified in the policy. 

Unfortunately, that might not be enough if you have a serious liability claim and your business or personal assets may be at risk.

A commercial umbrella policy provides coverage for claims that exceed the limits in your current commercial liability policy.

Commercial Umbrella insurance policy features

A commercial umbrella policy is designed to provide you an extra level of liability coverage to protect your business assets. It extends coverage over and above the limits specified in your underlying policies.

  • Broader coverage (in some areas) than primary policies provide, subject to a retention amount
  • Replacement of primary coverage once the primary aggregate limits of liability have been reduced or exhausted
  • Directors’ and Officers’ Liability up to $1 million
  • Potential defense coverage when a claim or suit is not covered by an underlying policy or when the limits of liability have been exhausted on an underlying policy

Commercial Umbrella insurance provides affordable protection

The cost of the Commercial Umbrella insurance coverage varies depending on your business operations. Many times, the cost of a Commercial Umbrella policy will be a fraction of the cost of your other policies.

Who is eligible for a Commercial Umbrella insurance policy?

Any customer who has all underlying commercial liability policies with Grinnell Mutual may be eligible for a Commercial Umbrella liability policy.

Auto coverages Recreational vehicle coverages Farm-Mate® insurance policy Farm-Guard® liability coverage Home-Guard® insurance policy Renter's insurance policy Small business insurance coverages Find an agent